Timofey Mozgov has engaged in negotiations with the Nuggets to return to the team on a multiyear deal, according to Shams Charania of RealGM.com. Denver extended a qualifying offer to Mozgov, making him a restricted free agent, so even if he were to sign an offer sheet with another team, the Nuggets would have the opportunity to match it.

Of this year's restricted free agents, Mozgov was one of the players whose qualifying offer surprised me most. Still, the Nuggets traded away one of their other centers, Kosta Koufos, in a draft-night deal, so the team appears to be committed to Mozgov, whose QO was worth approximately $3.93MM.

As I noted when I assessed Mozgov's free agent stock back in May, there could be a few potential suitors for the big man besides the Nuggets. The Knicks' interest in the 26-year-old was reported both before and after the trade deadline. The Timberwolves also reportedly made a play for Mozgov, with the Bobcats and Heat making inquiries as well.

If the Nuggets and Mozgov reach an agreement, it could for three years with an option on the final season, a source tells Charania.